Kieft & Kieft acts to fend off insolvency

By 2003-09-26T04:00:00

The shareholders of Germany's leading cinema chain Kieft & Kieft have undertaken a Euros 9m cash injection to keep the company afloat and continue its programme of restructuring measures.A cost cutting programme has seen 49 jobs go and six regional offices close, according to the German daily newspaper Die Welt.

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